talking about computers and design
by Ralph Grabowski

Jun 30, 2008

PTC Adopts Slightly Poisonous Pill

Should PTC ever be acquired, top executives will pay themselves $20 million. CEO Dick Harrison gets the biggest slice of gold-flavored pie, some $15.5 million. The other execs have to make do sharing the remaining $4.5 million.

Annon, I think the point is that this is such a pultry some for such a large company that it is almost pointless as a Poision Pill. Now, if they set up $100 million to be divided among the employees, plus another $100 for the Board, then that is a serious poison pill.